Egypt’s Alcan Holdings to finish Citadel Plaza project in 5 years

Egyptian Alkan Holdings Group targets finishing its real estate project Citadel Plaza within five years with investments estimated at around US$600 million.

Speaking to Amwal Al Ghad Sunday, Chairman Khaled Nosseir stated that the group recently inaugurated the administrative building of the project.

The group is currently starting the construction works of the commercial area at the project to be followed by the hotel, the official noted.

Nosseir pointed out that the group adopts a strategy that includes expanding and injecting more investments in automotive sector since it pumped 250 million Egyptian pounds within the last four years.

Moreover, the chairperson asserted that pumping the new investments depends on state’s parliament to endorse the strategy of developing automotive industry.